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[quote=Anonymous]We owe $43,000 on a home equity loan that was used to pay off credit card debt.  The biggest obstacle to our not paying it off is that we do not have a budget.  We go along and pay it down pretty far, and then before you know it one or both of us has a huge credit card bill that month, and there goes the huge payment for the loan, and we might even draw on the equity line more.

My New Year's resolution is to make a budget.  All by myself.  For years I've been waiting until we could do it together.  And I need to get DH's buy in.  He spends less day to day but when he wants a toy, it is always crazy expensive.  He has $20K set aside for the current toy he is getting.  It is shocking to me that we do not do a better job of managing our finances.  He used to do it and be good at it, but it stopped working once we had kids.  He relies on the panic theory - if something comes in he wasn't expecting, he says I can't spend any more money on anything that month.  Yeah, ok, but little Joey needs diapers...

OP, I would make a spending schedule as well as a budget, so you see what you can do instead of what you can't.  I can go to the movies once every two months.  Or I can spend $500 for new spring clothes for the munchkin.  Don't see it as can't.

I'll give it my best this year, and hope you will be, too.  We can totally do this.[/quote]

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